News
05.05.2024
Public Holidays in Switzerland in 2024
The public holiday calendar in Switzerland for 2024 varies from canton to canton, with some days celebrated nationally and others regionally. New Year's Day, Good Friday, Ascension Day, Whit Monday, Corpus Christi, National Day, and Christmas are observed in most or all cantons. Other days, such as Geneva Fast and Restoration of the Republic, are specific to certain cantons like Geneva. Holidays like Federal Fast Day and St. Nicholas of Flüe Day highlight the diverse local traditions across Switzerland. It's important for residents and visitors to refer to specific dates in each canton to plan accordingly, reflecting Switzerland's rich cultural and regional diversity.
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05.05.2024
Average Salary in Switzerland
In 2024, Switzerland continues to stand out for its absence of a national minimum wage - minimum salary, preferring to leave this decision to the cantons and certain industries through Collective Labor Agreements (CLAs). These minimum wages vary greatly, with Geneva offering the highest at CHF 24.32 per hour. Average and median wages reflect the economic diversity and high quality of life in Switzerland, with an estimated monthly average of CHF 6,502. CLAs play a crucial role in ensuring fair compensation tailored to regional and sector-specific needs, thereby supporting a competitive and diversified economy.
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05.05.2024
Swiss VAT Reform: New Features from January 1, 2025
Partial revision of the Swiss VAT law, to be implemented in 2025, primarily aims to incorporate the realities of digital commerce into the tax system. The legislative changes now require mail-order platforms to declare and pay VAT on all goods deliveries made in Switzerland, eliminating the previous exemption based on a turnover threshold.
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03.05.2024
Corporate Taxation in Switzerland in 2024
This article highlights the key elements of corporate taxation in Switzerland, emphasizing the attractiveness and modernity of its tax system, as well as the latest developments in response to global challenges. It also discusses how My Swiss Company – Corporate Services Provider provides essential support to businesses in navigating the complex tax environment, ensuring compliance, and optimizing tax opportunities, thereby allowing businesses to focus on their growth and expansion in Switzerland.
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